Bidadari, the home of million dollar HDB flats
As I write this, a 4-room flat in Bidadari just sold for $1,258,888 after its MOP. This is now the record for the most expensive 4-room flat in Toa Payoh. This comes right after a $900,000 3-room flat from the same town last year. It seems like if you won the ballot for a Bidadari flat the market will now offer – nay assault you – with mountains of cash in an attempt to make you move out.
I suspect we’re still seeing the short-term effects of Plus and Prime flats here: given that projects like Bidadari predate such classifications, they offer all the benefits of Plus and Prime units with none of the related drawbacks. And for Bidadari, these flats are not even old: they’re just out of MOP.
I bet the sellers here are going to provide a lot of demand for fixed-commission agents: besides the humongous savings, the flats here sell themselves anyway....